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The Boston Globe

Business

Service sector shows growth, hiring

WASHINGTON — US service companies grew in February at the fastest pace in a year, buoyed by higher sales, more new orders, and solid job growth. The gain suggests higher taxes have yet to slow consumer spending on services.

The Institute for Supply Management said Tuesday that its index of nonmanufacturing activity rose to 56 in February from 55.2 in January. Any reading above 50 indicates expansion.

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